Daily Newsletter: More Incomplete Homes Being Sold; Builder Confidence Improves; Highest Rates in 3 Weeks

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30 Year Fixed 3.27%   +0.04 15 Year Fixed 2.65%   +0.03 10YR Treasury 1.64%   +0.0224 View Today's Rates

Tuesday November 16, 2021 MND NewsWire - 11:26AM Fewer New Homes Are Actually Complete When Sold The Mortgage Bankers Association (MBA) is expecting that a higher volume of new home sales occurred in October than in the previous month, even as purchase prices rise. MBA says its ... MND NewsWire - 11:20AM Builder Confidence Gaining Ground Despite Challenges The National Association of Home Builders (NAHB) said builder confidence in the new home sales market increased in November for the third consecutive month despite the many challenges ... Mortgage Rate Watch - 3:34PM Mortgage Rates Highest in More Than 3 Weeks Mortgage rates continued higher again today, despite a fairly flat performance in the bond market. Specifically, the mortgage-backed securities (MBS) that directly influence mortgage ... MBS Commentary - 4:15PM MBS RECAP: MBS Outperform on Curve Steepening and Corporate Issuance MBS Outperform on Curve Steepening and Corporate Issuance The yield curve has been almost exclusively in "flattening" mode since June, and aggressively so. This means that longer term ... TPO Loan, e-Signature, Sales, Automation, U/W Products; Lenders and Loan Amounts; Inflation and Retail Sales Driving Rates MBS Morning: Retail Sales Reinforce Recent Weakness, But Also Raise Questions Latest Video Rents for single-family homes skyrocket NAHB builder sentiment data beats expectations The 9am Bond Report - November 16, 2021 More News from 'Around the Web' Calculated Risk Blog - 2:51PM October California Home Sales www.nar.realtor - 2:51PM Housing Affordability Conditions Unchanged in September CNBC - 11:00AM Homebuilder confidence surges past expectations, as buyer demand remains high CNBC - 9:31AM Prices will remain high until the Covid pandemic is over, deputy Treasury secretary says Calculated Risk Blog - 9:31AM Industrial Production Increased 1.6 Percent in October; Back to Pre-pandemic Levels CNBC - 8:04AM Rent for single-family homes surged 10% in September, boosted by pricey for-sale market and job growth CNBC - 8:03AM Treasury yields fall ahead of economic data Today's Rates Best Execution Rate Change 30 Yr FRM 3.27% +0.04 15 Yr FRM 2.65% +0.03 FHA 30 Year Fixed 2.88% +0.08 Jumbo 30 Year Fixed 3.19% +0.06 5/1 Yr ARM 3.40% +0.15 Current Mortgage Rates » What are best-execution rates? Average Mortgage Rates MBA ** 30 Yr. Fixed 2.99% 0.30 +0.02 15 Yr. Fixed 2.35% 0.25 +0.02 30 Yr. Jumbo 3.15% 0.29 +0.03 30 Yr. FHA 3.06% 0.27 -0.02 5/1 ARM 2.52% 0.15 -0.41 Freddie Mac ** 30 Yr. Fixed 3.09% 0.70 -0.05 15 Yr. Fixed 2.35% 0.60 -0.02 1 Yr. ARM 2.68% 0.20 +0.01 5/1 Yr. ARM 2.54% 0.30 -0.02 Current Mortgage Rates » * FHFA averages are updated monthly. ** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly. Secondary Markets MBS Price Change 30YR UMBS 2.0 99.47 -0.06 30YR UMBS 2.5 102.16 -0.02 30YR GNMA 2.0 100.64 -0.06 30YR GNMA 2.5 102.20 +0.23 15YR UMBS 2.0 102.11 -0.02 15YR UMBS 2.5 103.52 0.00 Treasuries Yield Change 2 YR 0.5220% +0.0023 5 YR 1.2703% +0.0149 10 YR 1.6404% +0.0224 30 YR 2.0328% +0.0362 Prices as of: 11/16/2021 4:45PM EST Current MBS / Treasury Prices » MBS and Treasury data provided by Thomson Reuters. Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information. Secondary Marketing Managers: If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice. © 2021 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

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